RBI Working Paper No. The Bank's current Governor is Adrian Orr. The mission of the Bank is to ensure price and financial stability through the formulation and implementation of sound monetary and macro-prudential Policies that are consistent with agreed national strategies. The effects were the transfer of overseeing the banks from the RBA to the Australian Prudential Regulation Authority (APRA) and the creation of the Payments System Board (PSB), which would attempt to maintain the safety and performance of the payments system. Reserve Bank of India cautions against unauthorised digital lending platforms, mobile apps. [8], Legislation was introduced to the Parliament at the climax of the Great Depression, in May 1930, by Treasurer E.G. For the time being, the Treasury of Australia maintained the role of issuing bank notes through the Australian Notes Act 1910. [3], In August 1996, then Governor-designate Ian Macfarlane and the Treasurer issued a Statement on the Conduct of Monetary Policy which restated the roles of the Reserve Bank and the Government of Australia. They meet once per quarter, usually in Sydney with five members forming a quorum, which must be chaired by the Governor or, in his absence, the Deputy Chair. [11], It is currently governed by the Reserve Bank Act 1959, which was approved by Parliament. “to regulate the issue of Bank notes and keeping of reserves with a view to securing In 1911, the Commonwealth Bank was established, but did not have the authority to print notes, which was a power that was still reserved to the Treasury. *, : 13/2020: Price Discrimination in Over-the-Counter Currency Derivatives, FAQs on Resolution Framework for Covid-19 related stress, On Tap Targeted Long-Term Repo Operations – Extension of Specific Sectors, RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities, RBI releases Draft Circular on Declaration of Dividend by NBFCs, RBI announces date for launching of RTGS 24x7, RBI releases Draft Directions on Money Market Instruments under Section 45 W of the RBI Act, 1934, RBI releases Draft Reserve Bank of India (Market-makers in OTC Derivatives) Directions, 2020 under Section 45 W of the RBI Act, 1934, Statement on Developmental and Regulatory Policies, Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) December 2-4, 2020, Accelerating Financial Market Reforms in India - Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 26, 2020 - at the 4th Annual Day of Foreign Exchange Dealers’ Association of India (FEDAI), RBI releases the Report of the Internal Working Group to Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks, RBI publishes daily data of select payment systems, Keynote Address by RBI Governor in Unlock BFSI 2.0 with Business Standard on Thursday, August 27, 2020, Governor’s Statement - Seventh Bi-monthly Monetary Policy Statement, 2019-20, March 27, 2020, Basel III Framework on Liquidity Standards – Net Stable Funding Ratio (NSFR), Basel III Capital Regulations - Review of transitional arrangements, Resolution Framework for COVID-19-related Stress – Financial Parameters, Submission of returns under Section 31 of the Banking Regulation Act, 1949 (AACS) – Extension of time, Offline Retail Payments using Cards / Wallets / Mobile Devices – Pilot, Online Dispute Resolution (ODR) System for Digital Payments, Resolution Framework for COVID-19-related Stress, Micro, Small and Medium Enterprises (MSME) sector – Restructuring of Advances, Basel III Capital Regulations – Treatment of debt mutual funds/ETFs, Loans against Gold Ornaments and Jewellery for Non-Agricultural End-uses, Opening of Current Accounts by Banks - Need for Discipline, Increasing Instances of Payment Frauds – Enhancing Public Awareness Campaigns Through Multiple Channels, Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for Short Term Loans for Agriculture including Animal Husbandry, Dairy and Fisheries for extended period on account of Covid-19, Pre-shipment and Post-shipment Export Credit – Extension of Period of Advance, COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets, Large Exposures Framework – Increase in Exposure to a Group of Connected Counterparties, Import of goods and services- Extension of time limits for Settlement of import payment, ‘Voluntary Retention Route’ (VRR) for Foreign Portfolio Investors (FPIs) investment in debt - relaxations, Risk Management and Inter-bank Dealings – Hedging of Foreign Exchange Risk-Date of Implementation, Submission of regulatory returns - Extension of timelines, Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for Short Term Crop Loans during the years 2018-19 and 2019-20: Extended Period on account of Covid-19, COVID19 Regulatory Package - Asset Classification and Provisioning, Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR), Rupee Drawing Arrangement – Remittance to the Prime Minister’s Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund, Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation, Annual Closing of Government Accounts – Transactions of Central / State Governments – Special Measures for the Current Financial Year (2019-20), Legal Entity Identifier: Extension of deadline, COVID-19- Operational and Business Continuity Measures, Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) October 7-9, 2020, Extension of Interim Relaxation in WMA limits and OD regulations, Marginal Standing Facility (MSF) - Extension of Relaxation, Report of the Expert Committee on Resolution Framework for Covid-19 related Stress, RBI Announces Measures to Foster Orderly Market Conditions, Minutes of the Monetary Policy Committee Meeting August 4 to 6, 2020, Reserve Bank announces constitution of an Expert Committee, RBI releases the results of forward looking Surveys, Introduction of Automated Sweep-In and Sweep-Out (ASISO) Facility for end of the day LAF Operations, Monetary Policy Statement, 2020-21 Resolution of the Monetary Policy Committee (MPC) August 4 to 6, 2020, Reserve Bank sensitises members of public on safe use of digital transactions, Minutes of the Monetary Policy Committee Meeting May 20 to 22, 2020, Monetary Policy Statement, 2020-21: Resolution of the Monetary Policy Committee (MPC) May 20 to 22, 2020, Revised Issuance Calendar for Marketable Dated Securities for the remaining period of H1 (May 11 - September 30 , 2020), RBI extends Fixed Rate Reverse Repo and MSF window, RBI Employees contribute ₹7.30 crore to PM CARES Fund, RBI Announces ₹ 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF), Review of WMA Limit for Government of India for remaining part of the first half of the Financial Year 2020-21 (April 2020 to September 2020), Reserve Bank Announces Targeted Long-Term Repo Operations 2.0 (TLTRO 2.0), Review of Limits of Way and Means Advances (WMA) of States/UTs, Conversion/Switch of Government of India (GoI)’s Securities, Reserve Bank Announces Fourth Targeted Long Term Repo Operation (TLTRO), Minutes of the Monetary Policy Committee Meeting March 24, 26 and 27, 2020, Reserve Bank announces third Targeted Long Term Repo Operation (TLTRO), RBI announces further measures for dealing with the COVID-19 pandemic, Reserve Bank Announces Second Targeted Long Term Repo Operation (TLTRO), Reserve Bank announces Targeted Long Term Repo Operations (TLTROs), Seventh Bi-monthly Monetary Policy Statement, 2019-20 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India, RBI enhances auction amount for Repo auction of March 26, 2020 to ₹ 50,000 crores, RBI advances variable rate Repo auction scheduled for March 30, 2020 to March 26, 2020 and Temporarily enhances Standing Liquidity Facility for SPDs, RBI advances the OMO Purchase auction scheduled for March 30, 2020 to March 26, 2020, RBI to conduct variable rate Term Repos of ₹1,00,000 crores, RBI Announces OMO Purchase of Government of India Dated Securities, Targeted Long Term Repo Operations (TLTROs), Monetary Policy Welcome to the refurbished site of the Reserve Bank of India. 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